You can also focus on trendy areas like Ohio City, Tremont, or Detroit-Shoreway, where people want to be.When it comes to the property itself, you don’t need anything huge, and you don’t need to go overboard with the layout or expensive design.

Hi Michael - You will be subject to UBIT to the extent of debt involved in the syndication.

Additionally, the management companies would take around 10% of the rent for their services.Given this, I’m exploring whether it would be a smart move to refinance when interest rates drop, and possibly form an LLC to transfer the property into.

Other option is try to come up with extra money to refi into a long term loan.

@Sudheer Kumar - we can help here but need to better understand the Refinance out of the loan assumption better.  

The key is staying consistent and networking with the right people (you’re already in the right place!).

The first lawyer handles anything that comes up normally in the course of business and often operates on his/her time as opposed to being the fastest.

Specifically in SC, though, I would check two things - 1) see if the ATI exemption applies and actually quote the taxes for that particular property on the county tax estimator tool, and 2) get a ballpark quote from your insurance partner on the particular property.

Hey Anthony, welcome to the community!

I currently am a part-time real estate investor that will be leaving my sales job at the end of the year to start investing full time in real estate.